ICICI Prudential Life Insurance logo

ICICI Prudential Life Insurance

ICICILIFE NSE
₹422.20
Market Cap
₹61,271 Cr
P/E
38.07

Key Fundamentals

MidcapLife InsuranceInsurance
Market Cap
₹61,271 Cr
P/E (TTM)
38.07
EBITDA
₹1,704 Cr
Return on Equity
11.8%
Debt to Equity
0.19
Book Value
₹92.58
EPS (TTM)
₹11.09
52W High
₹706.80
52W Low
₹413.40

Price-based figures as of 23 Oct 2026, 15:56 IST · EPS basis: Consolidated · TTM

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-23
v2.0.0
30 Poor
Overall score
Data confidence 97/100

Category scores

Quality Weak 43
Returns, margins, earnings quality 22%
Valuation Poor 37
Cheap vs sector & own history 24%
Growth Poor 5
Sales & profit trajectory 9%
Financial Health Poor 1
Solvency, leverage, coverage 9%
Momentum Poor 11
Trend strength, vol-adjusted 12%
Ownership Average 47
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 4.66 times its book value
  • The company has delivered a poor sales growth of -5.30% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.75% over last 3 years.

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
2
Bullish
5

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
2
Bullish
5

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0
Analyst Rating
Based on 33 analysts
BUY SHARE91%

30 of 33 analysts rate Buy, 3 Hold, 0 Sell.

Updated 23 Oct 2026

BUY
30
90.9%
HOLD
3
9.1%
SELL
0
0%

Growth Rate

Revenue Growth
-9.27% lower than 3Y

change over 1 year

Net Income Growth
35.63% higher than 3Y

change over 1 year

Cash Flow Change
43.08%

change over 1 year

EBITDA Margin Change
9.58%

change over 1 year Operating margin -24% · Mar 2026

AI Analysis — Bull vs Bear

Figures as of 23 Oct 2026
AI opinion · based on fundamentals
Risk high

ICICI Prudential Life Insurance trades at ₹422.2 as of 2026-10-23 with a market cap of ₹61,271 Cr, a trailing PE of 38.07x, and a price-to-book of 4.56x. The stock sits near its 52-week low of ₹413.4, down roughly 40% from its 52-week high of ₹706.8, while TTM profit growth of 36% contrasts sharply with a TTM sales decline of -10%.

Bull Case 7
  • Strong TTM profit growth of 36% indicates improving underwriting profitability and cost discipline despite top-line pressures
  • 3-year compounded profit CAGR of 26% demonstrates a sustained earnings expansion trend over a meaningful period
  • Last-year ROE of 13% marks a notable improvement over the 3-year average of 9% and 5-year average of 9%, suggesting improving capital efficiency
  • Conservative balance sheet with a debt-to-equity ratio of just 0.19x provides financial flexibility and limits solvency risk
  • Stock is trading at ₹422.2, only 2.1% above its 52-week low of ₹413.4, which historically can indicate most of the negative sentiment is already reflected in the price
  • Company is expected to deliver a good upcoming quarter, which could act as a near-term catalyst for sentiment improvement
  • 10-year compounded sales CAGR of 12% shows the company has a track record of long-term top-line growth despite recent weakness
Bear Case 8
  • TTM sales growth is -10%, pointing to a meaningful contraction in premium income or top-line revenue in the most recent period
  • 5-year compounded sales CAGR of -5% signals a prolonged structural struggle in growing the business, not just a one-off dip
  • Trailing PE of 38.07x is elevated for a company with negative recent sales growth, suggesting limited margin of safety in the valuation
  • Price-to-book of 4.56x is rich, especially given a 3-year average ROE of only 9%, implying the market is pricing in returns the company has not consistently delivered
  • Stock price CAGR of -27% over 1 year, -6% over 3 years, and -7% over 5 years reflects persistent long-term wealth destruction for shareholders
  • 3-year average ROE of approximately 9% is below the cost of equity for most insurance businesses, raising questions about sustainable value creation
  • Dividend yield of just 0.38% offers negligible income support to investors during periods of capital depreciation
  • 10-year compounded profit CAGR of 0% means that despite recent profit surges, long-term earnings have effectively stagnated over a decade

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

15h ago
Headwinds 2
  • ₹591Cr IT rectification order Oct 20

    ICICI Life received a ₹591 crore incremental tax and interest demand from the IT Dept for AY 2023. The company has filed an appeal.

  • ₹279Cr tax demand for AY24 Oct 15

    A separate rectification order for AY24 demands ₹278.9 crore. Combined with the AY23 order, total tax disputes stand at ~₹870 crore.

Positives 2
  • H1FY27 VNB up 22.3% Oct 21

    Value of New Business rose 22.3% YoY to ₹1,283 crore in H1FY27. Protection mix improved to 23.4%, driving margin expansion.

  • Q2FY27 net profit up 25% Oct 15

    Net profit grew 25% YoY to ₹374.2 crore in Q2FY27 with EPS of ₹2.58 vs ₹2.07. Gross premium income reached ₹14,254.6 crore and debt-equity ratio improved to 0.18.

Neutral 2
  • CEO Bagchi resigns, successor named Oct 2

    MD & CEO Anup Bagchi resigns effective Oct 13, 2026. Sidharatha Mishra appointed COO and incoming MD & CEO, subject to IRDAI approval.

  • H1FY27 earnings call scheduled Oct 7

    ICICI Life hosted an earnings conference call on Oct 13, 2026 at 3:30 pm IST to discuss H1FY27 results.

TL;DR: ICICI Prudential Life is delivering strong operating performance with VNB up 22.3% and net profit up 25% YoY, supported by an improving protection mix and better margins. Key risks include ~₹870 crore in cumulative tax demands across AY23 and AY24, both under appeal, and a leadership transition with a new MD & CEO awaiting IRDAI approval. The underlying business trend is improving, but resolution of the tax disputes and a smooth CEO handover will be important near-term monitorables.

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹3.2 +23.8% vs Sep 26
Reported High Mean Low

Quarterly Results

Particulars Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
10,984
23,384
17,388
26,430
22,482
25,396
25,158
4,536
15,687
25,401
11,936
22,834
3,185
Expenses
11,400
23,663
17,682
26,584
22,760
25,362
24,839
4,295
15,272
25,188
11,955
22,093
3,940
Operating Profit
-416
-280
-293
-155
-278
34
319
241
415
213
-19
741
-754
OPM %
-3.8%
-1.2%
-1.7%
-0.6%
-1.2%
0.1%
1.3%
5%
2.6%
0.8%
-0.2%
3.2%
-24%
Other Income
780
496
570
420
549
237
-17
169
183
177
408
-243
1,036
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
364
216
276
265
270
271
302
410
598
390
389
498
281
Tax %
35%
5%
12%
14%
36%
17%
17%
21%
36%
23%
24%
22%
-122%
Net Profit
235
206
244
227
174
224
251
325
385
301
296
387
624
EPS (₹)
1.64
1.43
1.69
1.58
1.21
1.56
1.74
2.25
2.67
2.08
2.04
2.67
4.3
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
34,453
20,849
37,816
38,832
41,463
21,025
83,182
63,564
50,478
89,683
70,778
63,357
Expenses
32,798
19,008
36,010
37,062
40,922
21,344
83,572
65,728
52,235
90,580
69,321
62,050
Operating Profit
1,655
1,842
1,806
1,771
541
-319
-390
-2,163
-1,757
-897
1,457
1,307
OPM %
4.8%
9%
4.8%
4.6%
1.3%
-1.5%
-0.5%
-3.4%
-3.5%
-1%
2.1%
2.1%
Other Income
43
0
130
132
813
1,578
1,669
3,191
2,925
2,039
258
397
Interest
17
0
15
20
23
0
0
0
0
0
0
0
Depreciation
40
0
58
44
57
61
60
67
84
113
134
145
PBT
1,642
1,842
1,863
1,839
1,274
1,198
1,219
961
1,085
1,028
1,582
1,559
Tax %
0%
10%
10%
12%
11%
11%
22%
21%
25%
17%
25%
-3%
Net Profit
1,640
1,650
1,682
1,619
1,139
1,067
956
759
813
851
1,186
1,608
EPS (₹)
11.46
11.52
11.72
11.28
7.93
7.43
6.66
5.28
5.65
5.9
8.2
11.09
Div. Payout %
51%
73%
63%
59%
40%
11%
30%
10%
11%
10%
10%
15%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,432
1,432
1,435
1,436
1,436
1,436
1,436
1,437
1,439
1,441
1,445
1,449
Reserves
3,833
3,891
4,971
5,138
5,435
5,777
7,673
7,721
8,651
9,564
10,488
12,182
Borrowings
0
1,029
0
0
0
0
1,200
1,200
1,200
1,200
2,600
2,595
Other Liabilities
95,951
98,413
1,18,335
1,35,245
1,56,215
1,48,818
2,06,911
2,34,079
2,44,562
2,86,796
2,99,705
3,03,509
Total Liabilities
1,01,215
1,04,765
1,24,741
1,41,819
1,63,086
1,56,031
2,17,220
2,44,437
2,55,851
2,99,001
3,14,239
3,19,735
Fixed Assets
209
212
207
404
463
932
911
433
479
1,168
1,315
1,378
CWIP
6
7
7
18
13
20
22
54
117
49
36
43
Investments
99,491
1,03,024
1,21,581
1,38,537
1,59,003
1,50,776
2,11,727
2,38,101
2,48,216
2,89,230
3,03,475
3,07,369
Other Assets
1,509
1,522
2,946
2,859
3,607
4,303
4,560
5,848
7,039
8,553
9,412
10,944
Total Assets
1,01,215
1,04,765
1,24,741
1,41,819
1,63,086
1,56,031
2,17,220
2,44,437
2,55,851
2,99,001
3,14,239
3,19,735
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
523
3,634
4,130
5,690
11,377
8,596
7,314
1,831
89
-7,315
-9,408
-5,355
Investing
-1,822
27
-696
-5,389
-7,559
-10,797
-5,084
-816
-1,145
7,420
6,869
7,571
Financing
-966
-1,442
-994
-1,188
-843
-405
1,205
-319
-112
-88
1,422
-171
Net Cash Flow
-2,264
2,219
2,439
-887
2,975
-2,606
3,434
696
-1,168
17
-1,116
2,045
Free Cash Flow
471
3,583
4,078
5,622
11,270
-1,12,909
7,279
1,736
-105
-7,550
-9,663
-5,473
CFO/EBITDA
32
208
229
321
2,103
-2,710
-1,930
-95
-21
790
-623
-365
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
3
0
0
0
0
0
0
0
0
0
0
Cash Conversion Cycle
0
3
0
0
0
0
0
0
0
0
0
0
Working Capital Days
-10
-16
-2
-9
-9
-5
-2
-6
-5
2
3
-1
ROCE %
34%
32%
29%
29%
16%
17%
14%
9%
10%
3%
12%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view ICICI Prudential Life Insurance insights

48 extracted metrics + investor summaries across FY11–FY27.

Shareholding Pattern

Others2.58%Promot.72.73%Public2.65%FIIs10.22%DIIs11.82%As ofJun 2026

Documents

Frequently Asked Questions about ICICI Prudential Life Insurance

What does ICICI Prudential Life Insurance Company Ltd do?
ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through in...
Where is ICICI Prudential Life Insurance Company Ltd (ICICILIFE) listed?
ICICI Prudential Life Insurance Company Ltd trades as ICICILIFE on the NSE and under code 540133 on the BSE.
Which sector does ICICI Prudential Life Insurance Company Ltd belong to?
ICICI Prudential Life Insurance Company Ltd is classified under the Insurance sector, in the Life Insurance industry.
What is the market capitalisation of ICICI Prudential Life Insurance Company Ltd?
ICICI Prudential Life Insurance Company Ltd has a market capitalisation of ₹61,271 Cr as of 23 Oct 2026, which places it in the Large Cap band.
What is the PE ratio of ICICI Prudential Life Insurance Company Ltd?
ICICI Prudential Life Insurance Company Ltd trades at a PE ratio of 38.07 as of 23 Oct 2026, on earnings per share of ₹11.09, against a book value of ₹92.58 per share.
What is the 52-week high and low of ICICI Prudential Life Insurance Company Ltd?
Over the last 52 weeks ICICI Prudential Life Insurance Company Ltd has traded between ₹413.4 and ₹706.8 as of 23 Oct 2026.
Does ICICI Prudential Life Insurance Company Ltd pay dividends?
ICICI Prudential Life Insurance Company Ltd has a dividend yield of 0.38%.
What is the Return on Equity (ROE) of ICICI Prudential Life Insurance Company Ltd?
ICICI Prudential Life Insurance Company Ltd reported a return on equity of 11.80%. Its debt-to-equity ratio is 0.19.

Company Information

ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website.[1] It is promoted by ICICI Bank and Prudential Corporation :- ICICI Bank (51% stake)[2] - The company is a part of ICICI Bank Ltd which is the 2nd largest private bank in India. It offers a diversified range of products and services to retail, SME and corporate customers.[3] Prudential Plc (22% stake) - It is a British multinational insurance company based in London, England. It is the largest UK life insurer in Asia with presence in India, China, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines and other Asian countries. It is also present in African subcontinent in Nigeria, Ghana, Togo and other countries.[4]

Website iciciprulife.com
CEO Mr. Anup Bagchi B.Tech, PGDM
Employees 19,975
Listed 2016-09-29
Face Value ₹ 10
Shares Outstanding 1,45,12,30,779

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